Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
+0.00%
adds into rallies
when a holding rises +10%+
Top positions · 1
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PZZAPapa John's Internationa | $53M | 100.0% | -17.4% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Restaurants100.0%+0.0pp$53M
Country
US100.0%+0.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $53M | 1 | -17.41% | +17.59% | -35.00% | -0.00B |
| 2025-12-31 | $63M | 1 | -1.99% | +17.72% | -19.71% | -0.00B |
| 2025-09-30 | $78M | 1 | -0.63% | +8.12% | -8.76% | -0.00B |
| 2025-06-30 | $80M | 1 | +20.49% | +10.78% | +9.71% | -0.00B |
| 2025-03-31 | $67M | 1 | +1.26% | -4.27% | +5.53% | -0.00B |
| 2024-12-31 | $67M | 1 | — | — | — | — |